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Mediation was unsuccessful this week in the dispute between minority owners and business partners Marc Lore and Alex Rodriguez and principal owner Glen Taylor over majority control of the NBA's ...
Rodriguez and Lore agreed to purchase the Timberwolves and Lynx from Taylor for $1.5 billion in 2021. They purchased a 20% stake initially, and then had three future options that would have given ...
The ownership transfer of the Minnesota Timberwolves must continue as originally planned, after a three-person arbitration panel ruled 2-1 that controlling owner Glen Taylor must cede control of ...
The 2021 lawsuit by a shareholder of the Timberwolves and Lynx against Taylor over the initial sale of the team provided a window into the teams' ownership structure and how the deal with Purple ...
"The Timberwolves and Lynx are no longer for sale." Minnesota Timberwolves and Lynx minority owners Marc Lore and Alex Rodriguez talk in the fourth quarter of the game against the Phoenix Suns at ...
The Minnesota Timberwolves ownership dispute is moving into mediation. The first session toward determining whether Glen Taylor will remain controlling owner or cede to Marc Lore and Alex ...
After months of speculation, on May 23, 1994, Top Rank successfully purchased the franchise for $152.5 million with the intention of relocating it to New Orleans. [14] The purchase occurred following an agreement between Top Rank and Timberwolves ownership that allowed Top Rank to purchase the franchise if no local ownership groups were found by May 20, 1994. [15]
The sale of the Timberwolves and Minnesota Lynx appeared to fall through last month after Taylor opted to halt the deal after years of negotiations and partial acquisitions. Lore and Rodriguez own ...